NDMC Pushes for 100% Solar Energy by 2026
POWER & RENEWABLE ENERGY

NDMC Pushes for 100% Solar Energy by 2026

Mumbai-based energy storage startup AmpereHour Energy has raised $5 million from Avaana Capital, with participation from UC Impower and other angel investors.

Founded in 2017 by IIT Bombay alumni, AmpereHour Energy focuses on building AI/ML-enabled Energy Storage Systems ranging from kW/kWh scale systems for Mini-grids to MW/MWh scale systems compatible with solar PV and wind plants. The systems are designed to be plug-and-play, integrated with the company’s proprietary Energy Management platform, Elina.

The fresh capital will be directed towards expanding manufacturing and software capabilities, enhancing R&D, and boosting product development. The startup aims to scale its power storage capacity from the current 50 MWh to 1 GWh within the next 18 months, based on its existing contracted capacity.

Speaking about the funding, Ayush Misra, CEO of AmpereHour, said, “A lot of the proceeds of this fundraise will be utilised for providing the adequate financial strength to be able to execute our pipeline. In addition to this, as a technology company, we have to also invest a lot of the capital into building better hardware solutions or software solutions.”

AmpereHour Energy’s clientele includes Amazon, Siemens, Coca-Cola, and Indigrid. The company is also working on projects internationally, with ongoing installations in Oman and Nigeria, while projects in Belgium and the UAE are currently under commissioning.

The startup offers a variety of energy storage solutions, including DC-coupled storage systems to reduce PV clipping losses, standalone grid-connected systems to minimize diesel consumption, and fully off-grid microgrid solutions.

Avaana Capital, which manages the Avaana Climate and Sustainability Fund, focuses on investing in Indian businesses leveraging technology-led innovation to build scalable solutions for climate and sustainability.

AmpereHour Energy’s successful funding round highlights the growing investor interest in clean energy solutions aimed at enhancing energy storage and management systems worldwide.

Mumbai-based energy storage startup AmpereHour Energy has raised $5 million from Avaana Capital, with participation from UC Impower and other angel investors. Founded in 2017 by IIT Bombay alumni, AmpereHour Energy focuses on building AI/ML-enabled Energy Storage Systems ranging from kW/kWh scale systems for Mini-grids to MW/MWh scale systems compatible with solar PV and wind plants. The systems are designed to be plug-and-play, integrated with the company’s proprietary Energy Management platform, Elina. The fresh capital will be directed towards expanding manufacturing and software capabilities, enhancing R&D, and boosting product development. The startup aims to scale its power storage capacity from the current 50 MWh to 1 GWh within the next 18 months, based on its existing contracted capacity. Speaking about the funding, Ayush Misra, CEO of AmpereHour, said, “A lot of the proceeds of this fundraise will be utilised for providing the adequate financial strength to be able to execute our pipeline. In addition to this, as a technology company, we have to also invest a lot of the capital into building better hardware solutions or software solutions.” AmpereHour Energy’s clientele includes Amazon, Siemens, Coca-Cola, and Indigrid. The company is also working on projects internationally, with ongoing installations in Oman and Nigeria, while projects in Belgium and the UAE are currently under commissioning. The startup offers a variety of energy storage solutions, including DC-coupled storage systems to reduce PV clipping losses, standalone grid-connected systems to minimize diesel consumption, and fully off-grid microgrid solutions. Avaana Capital, which manages the Avaana Climate and Sustainability Fund, focuses on investing in Indian businesses leveraging technology-led innovation to build scalable solutions for climate and sustainability. AmpereHour Energy’s successful funding round highlights the growing investor interest in clean energy solutions aimed at enhancing energy storage and management systems worldwide.

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement